Stock Analysis on Net

Tesla Inc. (NASDAQ:TSLA)

Analysis of Liquidity Ratios
Quarterly Data

Microsoft Excel

Liquidity Ratios (Summary)

Tesla Inc., liquidity ratios (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Current ratio 1.84 1.91 1.72 1.73 1.69 1.59 1.57 1.53 1.46 1.43 1.35 1.38 1.39 1.51 1.66 1.88 1.63 1.25 1.24 1.13 1.08 1.06 0.83
Quick ratio 1.21 1.24 1.04 1.13 1.07 0.96 0.93 0.94 0.95 0.96 0.95 1.00 1.00 1.12 1.28 1.49 1.22 0.82 0.78 0.71 0.64 0.64 0.35
Cash ratio 1.10 1.11 0.91 1.01 0.98 0.84 0.82 0.83 0.86 0.87 0.84 0.90 0.89 0.99 1.15 1.36 1.09 0.70 0.67 0.59 0.53 0.52 0.24

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Tesla Inc. current ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Tesla Inc. quick ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Tesla Inc. cash ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.

Current Ratio

Tesla Inc., current ratio calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Current assets 56,379 52,977 50,535 49,616 45,026 43,875 42,997 40,917 35,990 31,222 29,050 27,100 25,002 24,693 24,705 26,717 21,744 15,336 14,893 12,103 10,940 10,182 7,678
Current liabilities 30,577 27,729 29,453 28,748 26,640 27,592 27,436 26,709 24,611 21,821 21,455 19,705 18,051 16,371 14,877 14,248 13,302 12,270 11,986 10,667 10,146 9,589 9,243
Liquidity Ratio
Current ratio1 1.84 1.91 1.72 1.73 1.69 1.59 1.57 1.53 1.46 1.43 1.35 1.38 1.39 1.51 1.66 1.88 1.63 1.25 1.24 1.13 1.08 1.06 0.83
Benchmarks
Current Ratio, Competitors2
Ford Motor Co. 1.15 1.17 1.17 1.20 1.21 1.20 1.20 1.20 1.20 1.16 1.17 1.20 1.20 1.21 1.21 1.20 1.20 1.34 1.32 1.16 1.17 1.20 1.22
General Motors Co. 1.21 1.18 1.16 1.08 1.14 1.15 1.10 1.10 1.14 1.15 1.11 1.10 1.08 1.10 1.08 1.01 1.11 1.12 1.07 0.88 0.96 0.96 0.94

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 56,379 ÷ 30,577 = 1.84

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Current ratio A liquidity ratio calculated as current assets divided by current liabilities. Tesla Inc. current ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.

Quick Ratio

Tesla Inc., quick ratio calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 18,111 14,635 11,805 16,398 15,932 15,296 16,048 16,253 19,532 18,324 17,505 17,576 16,065 16,229 17,141 19,384 14,531 8,615 8,080 6,268 5,338 4,955 2,198
Short-term investments 15,537 16,085 15,058 12,696 10,145 7,779 6,354 5,932 1,575 591 508 131 30
Accounts receivable, net 3,313 3,737 3,887 3,508 2,520 3,447 2,993 2,952 2,192 2,081 2,311 1,913 1,962 2,129 1,890 1,886 1,757 1,485 1,274 1,324 1,128 1,147 1,047
Total quick assets 36,961 34,457 30,750 32,602 28,597 26,522 25,395 25,137 23,299 20,996 20,324 19,620 18,057 18,358 19,031 21,270 16,288 10,100 9,354 7,592 6,466 6,102 3,245
 
Current liabilities 30,577 27,729 29,453 28,748 26,640 27,592 27,436 26,709 24,611 21,821 21,455 19,705 18,051 16,371 14,877 14,248 13,302 12,270 11,986 10,667 10,146 9,589 9,243
Liquidity Ratio
Quick ratio1 1.21 1.24 1.04 1.13 1.07 0.96 0.93 0.94 0.95 0.96 0.95 1.00 1.00 1.12 1.28 1.49 1.22 0.82 0.78 0.71 0.64 0.64 0.35
Benchmarks
Quick Ratio, Competitors2
Ford Motor Co. 0.94 0.96 0.95 1.01 0.99 0.99 0.99 1.02 0.99 0.95 0.96 1.03 1.01 1.01 1.03 1.05 1.04 1.17 1.14 0.99 1.00 1.04 1.06
General Motors Co. 0.95 0.91 0.88 0.83 0.88 0.88 0.82 0.86 0.88 0.85 0.84 0.84 0.79 0.83 0.83 0.79 0.89 0.88 0.88 0.67 0.73 0.74 0.73

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Quick ratio = Total quick assets ÷ Current liabilities
= 36,961 ÷ 30,577 = 1.21

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Quick ratio A liquidity ratio calculated as (cash plus short-term marketable investments plus receivables) divided by current liabilities. Tesla Inc. quick ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.

Cash Ratio

Tesla Inc., cash ratio calculation (quarterly data)

Microsoft Excel
Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Selected Financial Data (US$ in millions)
Cash and cash equivalents 18,111 14,635 11,805 16,398 15,932 15,296 16,048 16,253 19,532 18,324 17,505 17,576 16,065 16,229 17,141 19,384 14,531 8,615 8,080 6,268 5,338 4,955 2,198
Short-term investments 15,537 16,085 15,058 12,696 10,145 7,779 6,354 5,932 1,575 591 508 131 30
Total cash assets 33,648 30,720 26,863 29,094 26,077 23,075 22,402 22,185 21,107 18,915 18,013 17,707 16,095 16,229 17,141 19,384 14,531 8,615 8,080 6,268 5,338 4,955 2,198
 
Current liabilities 30,577 27,729 29,453 28,748 26,640 27,592 27,436 26,709 24,611 21,821 21,455 19,705 18,051 16,371 14,877 14,248 13,302 12,270 11,986 10,667 10,146 9,589 9,243
Liquidity Ratio
Cash ratio1 1.10 1.11 0.91 1.01 0.98 0.84 0.82 0.83 0.86 0.87 0.84 0.90 0.89 0.99 1.15 1.36 1.09 0.70 0.67 0.59 0.53 0.52 0.24
Benchmarks
Cash Ratio, Competitors2
Ford Motor Co. 0.79 0.79 0.77 0.85 0.83 0.85 0.83 0.85 0.82 0.78 0.82 0.91 0.89 0.90 0.92 0.95 0.93 1.08 1.07 0.90 0.89 0.93 0.94
General Motors Co. 0.34 0.32 0.28 0.28 0.36 0.35 0.31 0.34 0.35 0.34 0.33 0.39 0.33 0.39 0.38 0.36 0.46 0.48 0.51 0.27 0.32 0.29 0.27

Based on: 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

1 Q3 2024 Calculation
Cash ratio = Total cash assets ÷ Current liabilities
= 33,648 ÷ 30,577 = 1.10

2 Click competitor name to see calculations.

Liquidity ratio Description The company
Cash ratio A liquidity ratio calculated as (cash plus short-term marketable investments) divided by current liabilities. Tesla Inc. cash ratio improved from Q1 2024 to Q2 2024 but then slightly deteriorated from Q2 2024 to Q3 2024.